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Understanding Mining

Outside of the aerospace and defense industries, mining is arguably the most capital-intensive business in the world. You have to move a lot of earth to get at the mineral-bearing ore, and this requires complex structures, equipment, vehicles and heavy...
Supply and demand: we all know how this works. If there’s too much of something (whether bricks, maize or tomatoes), there’s a glut and the price goes down – because the product is so easy to get that people...
To commit a billion dollars or more to a venture which might only show a return on investment 10 years from now is a tough decision which prompts tough questions: How great is the mineral deposit? Once exploration has found a mineral deposit worth...
The rewards in mining can be high, but so is the risk. Starting a new mining venture is a long and arduous journey, and there are many reasons why it could fail. "It takes an average of 12 years between...
An easily understood feature of corporate taxation is that you only tax a business once it is making a profit. But what do you do if it takes several years before the business makes a profit? It easily takes 7-10...
Step 1 Ore is taken out of the ground Holes are drilled in the ground (if it’s an open-pit mine) or in the rock-face (if it’s an underground mine), and explosives are placed in them to blast it open. The resulting...
Asteroids are huge lumps of rock – some barely a few hundred metres in length – hurtling through space; and they are focusing minds here on planet Earth because they are extremely rich in minerals, from cobalt to platinum. A...
You don’t have to be a miner or a metallurgist to know that demand for nickel is on the rise. Think back to the first digital cameras, when rechargeable batteries first entered our lives. Those nickel metal hydride (NiMH)...
1. It gets its name from an ancient African empire Mali derives its name from the Mali Empire, which stretched east from the Atlantic Ocean, to what is today southern Mali, including parts of present-day Gambia, Senegal, Mauritania, and Guinea....
For most people, “copper” calls to mind an important and increasingly rare commodity that’s found in a certain part of Zambia. Here, these mineral deposits were once so rich that the entire area was named Copperbelt Province. But copper...